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Vol 2 (AAC) No 8

Published 1st June 2009

ICBC's toe in African waters

The October 2007 merger between the Industrial and Commercial Bank of China, the world's largest bank, and Standard Bank, South Africa's largest, is finally showing its potential. After a lacklustre start, this month's visit to Cape Town by ICBC Chairman Jiang Jianqing revealed that the pair plan to put their billions of dollars into African energy projects.

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